Report: Fisker seeking $200 million in ‘pre-IPO’ private round financing

Fisker Automotive’s co-founder and CEO recently said that the company has plenty of cash, however, there’s apparently room for a lot more. According to Fortune Magazine, Fisker is seeking $200 million in a new private round of financing as it starts deliveries of the Fisker Karma plug-in hybrid sedan and gears up for production of future models in the United States.

If Fisker is successful in raising the money, it would put the automaker’s market value at about $2.2 billion.

A Fisker spokesperson declined to comment on the report.

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Fortune reports that Fisker is apparently preparing to go public and that this will be the last round of private funding as its being marketed as a ‘pre-IPO’ round.

Click here for more news on the Fisker Karma.

Refresher: Power comes from Fisker’s Q-DRIVE system, which is made up of two 201-hp electric-motors that are powered by a lithium-ion battery pack. That allows the 2010 Karma to travel up to 50 miles without the use of any gasoline. A generator attached to a 260-hp turbocharged 2.0-liter Ecotec direct injection gasoline engine by General Motors provides an extended range of up to 300 miles. 0 to 60 mph comes in 5.8 seconds with a top speed of 125 mph.

– By: Omar Rana

Source: AutoObserver